Teleworking: Mark Zuckerberg wants to adapt wages to the cost of living in the place of residence

2020-05-31T22:00:00Z

During a video conference with his employees, the Facebook boss announced the development of teleworking, but warned employees who plan to increase their purchasing power by moving away from Silicon Valley that salaries will be revalued downwards.

“We’re going to be the most forward-thinking company in terms of teleworking on our scale,” said Mark Zuckerberg in a live video conference with his employees. After the constraints imposed by covid 19, he said that 50% of the company’s employees could work remotely in the next five to ten years and that he plans to recruit “aggressively” across the country.

After this good news revealed by the CNBC site, he announced a bad news. Those who decide to move to cheaper locations than Silicon Valley to increase their purchasing power will have to accept a pay cut. This measure will be applied as of January 1, 2021.

“We will adjust the salary to your location at that time,” announced Mark Zuckerberg, explaining that this measure is “a tax and accounting necessity”. In his message, he added that there will be “serious consequences for those who are not honest about it”.